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Boston Unversity and the University of Illinois Urbana-Champaign have ranked MBA programs for around 20k.
IUPUI Kelley Direct Online MBA costs around 80k.
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(08-15-2023, 11:15 AM)LevelUP Wrote: Boston Unversity and the University of Illinois Urbana-Champaign have ranked MBA programs for around 20k.
IUPUI Kelley Direct Online MBA costs around 80k.
And I did my MBA for under $10K. I can't imagine spending $80K on an MBA. That's just absurd.
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08-15-2023, 02:00 PM
(This post was last modified: 08-15-2023, 02:01 PM by Duneranger.)
(08-15-2023, 12:42 PM)ss20ts Wrote: (08-15-2023, 11:15 AM)LevelUP Wrote: Boston Unversity and the University of Illinois Urbana-Champaign have ranked MBA programs for around 20k.
IUPUI Kelley Direct Online MBA costs around 80k.
And I did my MBA for under $10K. I can't imagine spending $80K on an MBA. That's just absurd.
I think there are a wide variety of opinions on the matter. Obviously this forum skews a certain way.
It could get worse, my brothers nurse anesthesia program was 135k haha and my buddy's med school loans were 350k. Not MBAs, but crazy how high grad school costs can be. It all pays off though.
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(08-15-2023, 02:00 PM)Duneranger Wrote: I think there are a wide variety of opinions on the matter. Obviously this forum skews a certain way.
It could get worse, my brothers nurse anesthesia program was 135k haha and my buddy's med school loans were 350k. Not MBAs, but crazy how high grad school costs can be. It all pays off though.
Those really aren't grad programs though. Med school is notoriously ridiculously priced. That's part of the reason our healthcare system is struggling. Fewer people are willing to take on $350K in debt nowadays. About 15 years ago I knew a woman who had $117K in med school loans who had recently become an ob/gyn. She didn't think she'd ever bee free from student loans because she works at low income clinics and she couldn't make most of her student loan payments because her income was lower than the average ob/gyn because of where she worked. Such a shame that the system is like this. It really does need a complete overhaul.
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(08-15-2023, 03:29 PM)ss20ts Wrote: (08-15-2023, 02:00 PM)Duneranger Wrote: I think there are a wide variety of opinions on the matter. Obviously this forum skews a certain way.
It could get worse, my brothers nurse anesthesia program was 135k haha and my buddy's med school loans were 350k. Not MBAs, but crazy how high grad school costs can be. It all pays off though.
Those really aren't grad programs though. Med school is notoriously ridiculously priced. That's part of the reason our healthcare system is struggling. Fewer people are willing to take on $350K in debt nowadays. About 15 years ago I knew a woman who had $117K in med school loans who had recently become an ob/gyn. She didn't think she'd ever bee free from student loans because she works at low income clinics and she couldn't make most of her student loan payments because her income was lower than the average ob/gyn because of where she worked. Such a shame that the system is like this. It really does need a complete overhaul. Luckily they mostly get wiped away with PSLF. Most med schools aren’t that pricey, his was just extreme. But yes the cost has gone up to an insane degree.
I think my first undergrad was 45k a year which was pretty crazy, but the tax payer footed the bill for that one.
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(08-15-2023, 02:00 PM)Duneranger Wrote: I think there are a wide variety of opinions on the matter. Obviously this forum skews a certain way.
It could get worse, my brothers nurse anesthesia program was 135k haha and my buddy's med school loans were 350k. Not MBAs, but crazy how high grad school costs can be. It all pays off though.
It all does NOT pay off though - not for everyone. I know someone who flunked out of med school. Guess what? He still owes more than $100k in loans for his 2 years there (1st year and then 1st year again).
If it always paid off, nobody would be complaining about student loans - they'd just get a high-paying job and pay off the loans in a few years.
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(08-16-2023, 07:51 AM)dfrecore Wrote: (08-15-2023, 02:00 PM)Duneranger Wrote: I think there are a wide variety of opinions on the matter. Obviously this forum skews a certain way.
It could get worse, my brothers nurse anesthesia program was 135k haha and my buddy's med school loans were 350k. Not MBAs, but crazy how high grad school costs can be. It all pays off though.
It all does NOT pay off though - not for everyone. I know someone who flunked out of med school. Guess what? He still owes more than $100k in loans for his 2 years there (1st year and then 1st year again).
If it always paid off, nobody would be complaining about student loans - they'd just get a high-paying job and pay off the loans in a few years. Okay, 99% of people. My brother started at at 250k a year and got loan repayment as a bonus. My friend started out at 310k plus bonus. It paid off.
The vast majority of people finish and pass. People who don’t either refused to put in the work or had extenuating circumstances.
People will always complain about loans.
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(08-16-2023, 07:57 AM)Duneranger Wrote: (08-16-2023, 07:51 AM)dfrecore Wrote: (08-15-2023, 02:00 PM)Duneranger Wrote: I think there are a wide variety of opinions on the matter. Obviously this forum skews a certain way.
It could get worse, my brothers nurse anesthesia program was 135k haha and my buddy's med school loans were 350k. Not MBAs, but crazy how high grad school costs can be. It all pays off though.
It all does NOT pay off though - not for everyone. I know someone who flunked out of med school. Guess what? He still owes more than $100k in loans for his 2 years there (1st year and then 1st year again).
If it always paid off, nobody would be complaining about student loans - they'd just get a high-paying job and pay off the loans in a few years. Okay, 99% of people. My brother started at at 250k a year and got loan repayment as a bonus. My friend started out at 310k plus bonus. It paid off.
The vast majority of people finish and pass. People who don’t either refused to put in the work or had extenuating circumstances.
People will always complain about loans.
Only 80% or so of students in 4-yr med school programs graduate. So while it's the majority, plenty of people don't graduate, or don't pass their boards. So 20% of those with a LOT of student debt are not making $300k a year and able to pay off their debt.
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(08-16-2023, 09:21 AM)dfrecore Wrote: Only 80% or so of students in 4-yr med school programs graduate. So while it's the majority, plenty of people don't graduate, or don't pass their boards. So 20% of those with a LOT of student debt are not making $300k a year and able to pay off their debt.
It's true that in US MD schools, about 80 to 85% of students in 4-year programs graduate in 4 years. But 96% of entrants will have graduated within 6 years. The difference is students who decelerated or took a break. ( Graduation Rates and Attrition Rates of U.S. Medical Students, AAMC Student Records System, October 2022). About 97% of US MD graduates begin residency training the year they graduate. ( Addressing the Increasing Number of Unmatched Medical Students, AMA Council on Medical Education, 2021).
Attrition is much higher among US students in international medical schools.
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(08-16-2023, 09:21 AM)dfrecore Wrote: (08-16-2023, 07:57 AM)Duneranger Wrote: (08-16-2023, 07:51 AM)dfrecore Wrote: (08-15-2023, 02:00 PM)Duneranger Wrote: I think there are a wide variety of opinions on the matter. Obviously this forum skews a certain way.
It could get worse, my brothers nurse anesthesia program was 135k haha and my buddy's med school loans were 350k. Not MBAs, but crazy how high grad school costs can be. It all pays off though.
It all does NOT pay off though - not for everyone. I know someone who flunked out of med school. Guess what? He still owes more than $100k in loans for his 2 years there (1st year and then 1st year again).
If it always paid off, nobody would be complaining about student loans - they'd just get a high-paying job and pay off the loans in a few years. Okay, 99% of people. My brother started at at 250k a year and got loan repayment as a bonus. My friend started out at 310k plus bonus. It paid off.
The vast majority of people finish and pass. People who don’t either refused to put in the work or had extenuating circumstances.
People will always complain about loans.
Only 80% or so of students in 4-yr med school programs graduate. So while it's the majority, plenty of people don't graduate, or don't pass their boards. So 20% of those with a LOT of student debt are not making $300k a year and able to pay off their debt. I don’t understand the point of this. If you prepare and dedicate the time needed, you are going to pass. This is the same with any degree, job or investment. There are extenuating circumstances of course but they are rare. Board exams and strenuous standards are obviously going to be needed benchmarks. If you cheat or fail out, that’s on the student and is entirely preventable.
The STEP exam pass rates (1-3) hover around 95+%on average and you can have 6 retakes. 4 year med school pass rate is 85%, 6 year is 96%.
People also take leaves of absence and come back and pass. They are often not included in the numbers.
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